Hollywood Bomb: Industry Lost More than $500 Billion (40%) of its Market Value in 2022

Bill Whittle Network

News

4.9 • 720 Ratings

🗓️ 29 December 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hollywood underperformed an underperforming market in 2022, losing 40% of its market value — more than $500 billion — led by the woke trio of Disney, Netflix and Comcast. The men of Right Angle step up to save a dying American icon...or bury it. Stephen Green, Bill Whittle and Scott Ott have hosted multiple new episodes of Right Angle each week since 2009 thanks to our donors and Members. To become a Member: https://BillWhittle.com/register/ To donate: https://BillWhittle.com/donate-to-Bill-Whittle/

Transcript

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0:00.0	Hollywood's latest box office bomb is Hollywood.
0:04.5	Hey, everybody.
0:05.0	I'm Steve Green with Bill Whittle and Scott Ott, and this is Right Angle,
0:07.9	brought to you by the members of Bill Whittle.com.
0:10.4	And gentlemen, this is one of those stories that just shines a light on my black little shrunken heart.
0:18.2	Hollywood lost more than $500 billion in market value in 2022. Now,
0:25.3	you may say, yeah, the markets were all off last year or this year. It's not over yet.
0:32.4	But Hollywood really led the way. They underperformed a underperforming market. And Bill, this is the part that this is the part where I really get some shot in my Freud. The studios that led the way in this financial collapse were the left-leaning ones. Walt Disney, Netflix, and Comcast accounted for the bulk of the bloodshed.
0:58.8	And that was from brightbart.com to use the word bloodshed.
1:02.1	I just love that.
1:03.8	They also say that the Dow Jones Media Titans Index, which tracks the performance of 30
1:07.7	of the world's biggest media companies, had 40% of its value this year.
1:11.6	Total market value declining from $1.35 trillion to $808 billion, according to financial times.
1:19.4	Bill, I have never seen in my life a town more obsessed with money than Hollywood, specifically in the entertainment industry
1:31.0	more broadly. What happened to that? Well, left-wing politics happened to it. I mean,
1:40.7	Disney is by far the worst offender in terms of what they put out. And because of what Disney used to be, they've fallen the furthest, you know?
1:47.3	I mean, when I was a kid, Disney, I mean, just, I just can't bear the thought of Walt Disney being alive today to see what's being done in his name. But Disney owns just about everything, right? They own Marvel. I think they own Star Trek or Star Wars or both of them.
2:02.6	And Bob Eager was the guy who brought all of this, you know, woke agenda into Disney. And then he was
2:10.6	stepped down and Bob JPEC took over. And he was trying to bring it back around to the thing where
2:16.4	audience was go see it. And then he gets
2:18.4	bumped and Chepex and then Bob Eager's back again. So it's going to get worse. And it doesn't
2:24.2	matter if it gets worse or better now because the brand is irreparably damaged. And so are all the
	...

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